Did you know that controlling emotion is the biggest element of being a successful bettor? Approximately 90% of all bettors fail to achieve this and only 10% go on to succeed at betting because they have the right betting mindset.
The psychology behind betting can take time to develop and will result in consistent success, but it has to be worked at, depending on the place you find yourself in emotionally at any given moment in your life.
In order to “fix” psychological issues you must first become aware of the problem and the issues causing them. Take a look at some of the most common issues and honestly answer the following questions:
Are you frightened of taking a loss?
Do you come out of bets through fear of a winning position reversing and then feeling let down?
Do you need instant gratification by chasing losses?
Can you take the responsibility for your selections and accept the reality of the event?
Are you a compulsive bettor, drawn to the excitement of the meetings?
Do you have unrealistic expectations and feel anger after losing a bet?
Do you limit your profits as you may have low self esteem and feel you don’t deserve to be a winner?
Do you always follow your proven betting system as you may not trust in your ability to choose a successful one?
Do you overthink your bet, second guessing your betting signals?
Do you bet too much through greed?
Do you feel irritable after the betting day due to anger, fear or greed?
Do you bet with money you cannot afford to lose or bet with borrowed money?
How many of these issues may have referred to you? Have you answered the questions honestly? It would be a good idea to keep a list of your possible failings within view it at all times during your betting day and this will ensure you do not fall into one or more of your psychological traps.
These are by no means all the psychological issues, but are the most common.They usually centre on the fact that the bettor is not following their chosen betting approach or system and prefers to wing it or gamble emotionally.
Your goal as a bettor is to maintain an even keel so that you are not emotionally affected by winning and losing bets. Reach this equilibrium and you are on the road to success! Combine this state of mind with a successful betting strategy such as The Cherry Lay System and there’ll be no stopping you!